Egypt’s Industry Eyes EGP50 bln Via Establishing 10 Industrial Cities

The Egyptian Ministry of Industry and Foreign Trade is aiming at achieving EGP 50 billion investments via constructing 10 new cities within the few coming years.

The Minister of Industry Hatem Saleh said the ministry received demands from 7000 investors to participate in the industrial investment on the lands that would be offered during the coming period, as to 1692 plots of lands.

Saleh, on his social network “Facebook” account, added that these demands show the investors’ believe in the future of industry in Egypt; underscoring its necessity to provide 70.000 new job opportunities.